1 hour between connection flights is strongly NOT recommended for many reasons--you can not make sure the first flight will arrive in time, even if it does there are issues could arise from the airport itself.
Assuming your luggage arrives on time and you know Schiphol airport very well and you will directly go from the arrival gate to the departure gate, There are many factors that can cause a late arrival and most of these are out of your hands, some of these reasons would be:
- Late departure. If you depart late, you will arrive late!
- Weather. The best weather analyst still can not predict the weather!
- Air traffic jams. In the busy airports (such as Amsterdam) this is common when pilots are asked to hold position due to jammed skies.
- Airport Gates. Any delay or technical problem in any airplane parked at a gate will cause a chain delays for some time for all airplanes scheduled for that gate.
My advice is to make a better booking even if it will cost more but it will save you from more headache. Unless your both flights are operated by the same airlines/alliance and in one booking then if something happens and you lost your connection flight then its the airlines problem and they will provide accommodation until they provide you with another flight to your final destination.